IKEA sold its factory in Russians city of Novgorod to the local company Invest Plus, prof move over a year After the well-known Swedish furniture retailer ceased operations in Russia because of the conflict in Ukraine.
IKEA has suspended all retail and production operations in Russia after Moscow sent troops to Ukraine on February 24, all along with scores of other western companies. However, IKEA briefly appealed online sales last summer and part of The company still operates 14 mega-branded malls in Russia.
local media in February reported that Ingka Group, the owner of Most of Ikea storesthe search began for buyers for shopping centers.
“A (Novgorod plant) sales operation was organized to find a file new What is with you with Strong plan and ability to develop business, Inter IKEA Group brand owner told Reuters.
The parties did not disclose the amount of The deal and no details related to it terms.
“the operation of The conclusion of the deal was not easy and long, said Vadim Osipov, CEO of Invest Plus in Statement of thanks to all parties involved – IKEA, Russian and Swedish regulators and the Russian Ministry of Industry and trade.
“our goal It is the reproduction which is very popular and high quality of Novgorod Russian Furniture Factory market As quickly as possible, Osipov said.
Western companies are out complicated As deals include companies from the so-called unfriendly countries that imposed penalties against Russia need approval from a government commission.
Invest Plus is a special purpose company vehicle (SPV), beneficially owned by Osipov, CEO and co-owner of Slotex, A.; leading local product of Kitchen worktops and slides.
Russians government He agreed to sell to Slotex in February, giving the timber manufacturer Luzales the right to strike a deal for two more plants.
The Novgorod plant was the largest of Ikea former production units in Russia-produced Ooo Plus said more More than 7 million cabinets and kitchen furniture units annually.
The company has retained its backbone of The factory workforce said it would guarantee Careers for at least year. expected to resume total production in the next From two to three months.
